×
101 729
Fashion Jobs
MACY'S
Asset Protection Detective, Willowbrook - Full Time
Permanent · Wayne
MACY'S
Asset Protection Security Guard, Lakeside - Full Time
Permanent · Metairie
MACY'S
Asset Protection Detective, Village at Fairview - Full Time
Permanent · Fairview
MACY'S
Asset Protection Security Guard, Highlands of Flower Mound - Part Time
Permanent · Flower Mound
MACY'S
Asset Protection Security Guard, Northpark Center - Part Time
Permanent · Dallas
MACY'S
Asset Protection Captain, Herald Square - Full Time
Permanent · New York
MACY'S
Asset Protection Detective, Lakeside - Part Time
Permanent · Sterling Heights
MACY'S
Asset Protection Detective, Stanford - Part Time
Permanent · Palo Alto
MACY'S
Asset Protection Detective, Concord Sunvalley - Full Time
Permanent · Concord
MACY'S
Asset Protection Detective, Ridgedale - Part Time
Permanent · Minnetonka
MACY'S
Asset Protection Detective, Ballston Common - Part Time
Permanent · Arlington
MACY'S
Asset Protection Detective, Valley Fair - Full Time
Permanent · Santa Clara
MACY'S
Asset Protection Detective, Center City - Flex
Permanent · Philadelphia
MACY'S
Asset Protection Detective, West County Center - Full Time
Permanent · St. Louis
MACY'S
Asset Protection Detective, Walt Whitman - Full Time
Permanent · Huntington Station
MACY'S
Asset Protection Detective, Easton - Full Time
Permanent · Columbus
MACY'S
Asset Protection Detective, Fair Oaks - Part Time
Permanent · Fairfax
MACY'S
Asset Protection Captain, River Oaks Center - Full Time
Permanent · Calumet City
MACY'S
Asset Protection Detective, Northridge Fashion Center - Part Time
Permanent · Los Angeles
MACY'S
Asset Protection Detective, Plaza Bonita - Part Time
Permanent · National City
MACY'S
Asset Protection Detective, Bay Plaza - Part Time
Permanent · New York
MACY'S
Asset Protection Captain, Visalia - Full Time
Permanent · Visalia
Published
Jun 8, 2015
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Vince Holdings Corp. announces positive Q1 2015 results

Published
Jun 8, 2015

Vince last week reported its first quarter 2015 results that were seemingly positive compared to last year’s numbers. The contemporary fashion brand saw increases across the board in sales, profits, and net income.

Net sales increased 12% this quarter to $59.8 million, up from $53.5 million in the prior year’s first quarter. Wholesale increased 2.6% to $38.3 million, direct-to-consumer sales increased 33.6% to $21.6 million, and comparable store sales including e-commerce increased 9.7%.

Vince

 
Gross profit increased 16.4% to $30.7 million compared to $26.4 million from last year. Net income increased 77.3% to $2.5 million, also up from $1.4 million from last year, and the company paid down $4.9 million of its debt.
 
Jill Granoff, Chief Executive Officer of Vince, commented, "Our first quarter performance was generally in line with our expectations, with double-digit sales and profit growth in a challenging environment.  Our results were driven by a 34% increase in our direct-to-consumer segment sales, a modest increase in our wholesale segment sales and gross margin expansion of 200 basis points. We believe that Vince continues to resonate with consumers as a premium contemporary fashion brand offering everyday luxury essentials and modern effortless style."

Despite the successful first quarter, the company lowered its sales expectations for the year. For the year, the company expects to gain $340 million to $350 million in total net sales, including revenues from 10 to 11 retail stores and comparable sales including e-commerce.
 
During the first quarter, Vince opened four new stores ending the quarter with 41 company-operated retail locations.

Copyright © 2021 FashionNetwork.com All rights reserved.